Max Copestake is a Senior Portfolio Manager of the Frontier Commodities Strategy, where he contributes to cross-commodity trading, fundamental research and portfolio risk management. His primary focus is on energy and agricultural markets, integrating supply-demand analysis, weather-driven modelling and market structure dynamics to identify trading opportunities.
He brings extensive experience across both physical and financial commodity markets, with particular expertise in agriculture. Prior to joining Frontier, Max was a cross-commodity Portfolio Manager at Stoa Capital and, before that, an Executive Director at Marex Spectron, where he led coffee and cotton trading activities. In that role, he contributed to hedge fund alpha generation and helped build out research, execution and business development capabilities across agricultural markets.
Earlier in his career, Max held trading roles at Volcafe (ED&F Man), where he ran proprietary trading books alongside physical trading activities across both derivatives and physical markets, spanning destination and global origin regions.
Max holds a BSc in Chemistry with Physics from Newcastle University.